Bitcoin forecast and Analytics of BTC/USD on September 3, 2018

The Bitcoin BTC/USD is trading at the level of 7218 and continues to move within rising channel. Cryptocurrency trading above the upper boundary of the Clouds Ichimoku Kinko Hyo, which indicates that the rising trend in Bitcoin. In the framework of the forecast rate of digital currency is expected to test region signal lines Ichimoku Kinko Hyo close to the 7050 level where we can expect rebound and attempt continued growth of Bitcoin to the goal at the level of the 7850.

In favor of the price growth of the cryptocurrency, BTC/USD will perform test support area and rebound from the lower boundary of the rising channel. Earlier it was obtained a strong signal for purchases of Bitcoin, due to the intersection of the signal lines at the level of 6550.

Cancellation option growth of quotations of Bitcoin will breakout of the lower border of the Ichimoku Kinko Hyo Cloud with the closing of the quotations below the 6650, which indicates the change of the upward trend in favor of the downtrend and the continued depreciation of Bitcoin. Expect acceleration of growth of quotations of EUR/USD is a breakout of the upper boundary of the ascending channel and close above 7400.

Thus, Bitcoin forecast and Analytics of BTC/USD on September 3, 2018 implies an attempt of correction cryptocurrency and test the support level near 7050, where we can expect continued growth of the Bitcoin exchange rate with a potential target near the level of 7850, the cancellation option growth will be a strong drop and the breakdown region 6650, which indicates the resumption of the downward trend and continued decline.